FLENSTED SNITGRØNT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLENSTED SNITGRØNT A/S
FLENSTED SNITGRØNT A/S (CVR number: 16242780) is a company from VARDE. The company recorded a gross profit of 1065.9 kDKK in 2023. The operating profit was -42.8 mDKK, while net earnings were -38 mDKK. The profitability of the company measured by Return on Assets (ROA) was -64.9 %, which can be considered poor and Return on Equity (ROE) was -123.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 42 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FLENSTED SNITGRØNT A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 26 881.85 | 33 823.32 | 25 231.91 | 12 111.41 | 1 065.90 |
EBIT | -23 470.37 | -2 287.22 | -4 327.94 | -36 709.88 | -42 770.90 |
Net earnings | -19 117.42 | -2 154.27 | -3 666.30 | -35 012.24 | -37 955.05 |
Shareholders equity total | 50 530.03 | 48 375.77 | 44 709.47 | 39 697.23 | 21 742.18 |
Balance sheet total (assets) | 145 841.05 | 125 060.91 | 113 109.09 | 79 735.55 | 51 785.19 |
Net debt | 62 061.87 | 51 329.67 | 55 579.91 | 27 982.69 | 20 333.77 |
Profitability | |||||
EBIT-% | |||||
ROA | -16.0 % | -1.6 % | -3.6 % | -38.0 % | -64.9 % |
ROE | -47.7 % | -4.4 % | -7.9 % | -83.0 % | -123.6 % |
ROI | -18.6 % | -1.8 % | -4.0 % | -42.1 % | -73.6 % |
Economic value added (EVA) | -19 574.43 | -3 604.51 | -5 349.99 | -36 939.63 | -38 537.60 |
Solvency | |||||
Equity ratio | 34.6 % | 38.7 % | 39.5 % | 49.8 % | 42.0 % |
Gearing | 151.2 % | 124.9 % | 130.0 % | 78.9 % | 107.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.4 | 0.4 | 0.5 | 0.8 |
Current ratio | 0.5 | 0.4 | 0.4 | 0.7 | 1.7 |
Cash and cash equivalents | 14 321.19 | 9 105.85 | 2 556.13 | 3 347.00 | 3 004.54 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BB |
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